They’re not the lazy, entitled generation that so many paint them to be. They’ve experienced challenges unlike any other generation has had to endure, and they’re proving their resilience in overcoming these tremendous challenges, even though it has meant making sacrifices like foregoing buying cars and homes and delaying moving out of mom and dad’s house.

However, one area that Millennials admittedly need some improvement financially is in investing. Given the financial challenges that Millennials face, many of them simply aren’t investing at all: 80% aren’t invested in the stock market, according to a recent Harris poll. Many of the respondents in the survey (41%) reported that they’re not investing because they don’t have enough money. However, misconceptions about how much they’d need to get started might be the actual problem: 38% thought you need at least $1,000, although the more accurate minimum starting investment amount is closer to $500. It also seems that Millennials have a pretty significant knowledge gap: the overwhelming majority of respondents to the Schroder’s survey said they believe they understand investing better than the average investor, although only 32% could correctly identify what an investment company does.

There is one area that Millennials are investing well: retirement. With 401ks widely available and so many employers that have automatic enrollment, more young people are saving for retirement compared to 10 years ago. Millennials have apparently taken heed of how unprepared much of the Baby Boomers generation has been for retirement—a solid indication that, given the right tools, resources, and knowledge, Millennials are committed to achieving financial stability and not making the same mistakes their parents did.